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GCI Review

Residence, Regulation, and Company Management Structure

The company is registered in the Britain Virginian Islands and its office is also there. The managers of company are not mentioned.

Company's Market Position

The company calls itself one of basic market makers on the foreign currency market. However, the adopted banks-partners (liquidity suppliers) are not mentioned.

Apart from the traditional trading accounts, the company offers service a confidential management and well-developed partner programme.

Types of Services Offered

The company trades in 20 different exchange rates; among them being the Mexican peso, the Indian rupee and the Chinese yuan. Apart from this, CFD also deals in the basic indexes, of gold, silver, coffee, cacao, and cotton. Added to that there is a vast list of other transactions, on all of world's commodity markets, on offer.

The company trades both full (an equivalent $100 000) and mini ($10 000) lots. Accordingly, there are complete CFD and mini-CFD. It is possible to understand, from the information on site, that full and mini lots are bargained through different accounts, and that 4 types of trading accounts are supported: Forex, mini-Forex, CFD, and mini-CFD; combining with different types of instruments on a single trading account is impossible.

Streaming quotations are provided.

Information about term-of-trades is placed in a table, together with exact information about the size of lots, spreads and sizes of mortgages. For Forex trades; credit leverage 200:1 is used, 50:1 according to the choice of the client.

The sizes of the guarantee providing are also indicated and there are 0.5% for Forex, 1% for CFD on exchange indexes and 2% for shares.

At trade with maximal credit leverage clients pay for the transfer of position the next day; the sum, is indicated in the table of certificate costs of the trading platform, from $5 to $15 for a lot depending on an instrument traded. If a client has chosen a credit lever 50:1, the standard mechanism of SWAP is used.

Opening of meetings (hedging) positions is possible by the single instrument without an additional margin.

Limitations on volume of trade are not set.

Trading accounts are conducted in USD and euro, minimum sums, for opening, is $2000 or $500 for a “mini.” Money is transferred through bank order, by all basic types of credit cards or through the pay systems of PayPal or WebMoney. Facilities of clients are insured by the Allied International Group, Inc.

Trading accounts are opened over the internet or by fax; and the (obligatory) signing of a “paper” agreement/contract is not required.

Traders Support

The site is translated into several world languages.

On the site there is a page for beginners, and interested persons can use the demo accounts for one month.

Interactive support of users is conducted with the use of telephone, chat, and a few “thematic” e-mails.

There is a news page on the site as well as its own analytical support. However, it was impossible to find a calendar of events, what seemed quite odd, set against a background of the very detailed and high-quality analytics, provided.

The Trading Platform

Two types of trading platforms are offered to the clients – JAVA and downloadable. Both types of platforms can execute basic informative services (translation of quotes, exposure/execution of warrants, watching the state of positions and accounts), and also primitive, graphic, analysis.

The Site

The site is comfortable, with a competent arrangement, and pleasant design. All the necessary information is portrayed and concise.

Advantages

  • There is a large set of financial tools, including exotic currencies (peso, rupee, and the yuan), with rich set of CFD.
  • Terms-of-trades are fully and expressively described.
  • Both full and mini accounts are supported.
  • Meetings (hedging) positions are supported without additional margins.
  • Facilities of clients are ensured.
  • There is good analytical support.

Disadvantages

  • The company's activity is practically not controlled. “Hard” copy agreements/contracts are not available.
  • Partner banks – are not adopted (liquidity suppliers).
  • Trading the different types of instruments with a single trading account is impossible.

Latest GCI Reviews

From: Bruce
Date of Post: 2007-09-13
GCI, an absolute disgrace, what they requote borders on theft, and not once have i got satisfaction from their "live help", its always, send an email, far more fun to set fire to your money and watch it burn than trade with these immoral inefficient dealers
From: SHOUKAT
Date of Post: 2007-08-15
the worst broker ever, do not trade with these guys, never get the price you want they are real crooks. Always you will get requoted. Even on gold and silver you will never ever get the price on screen. Limit orders where you make a profit will NEVER EVER BE FILLED. THESE GUYS ARE A CON.
From: amol
Date of Post: 2007-03-30
googd software
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